If you see the trends in the market and the economy, you will realize that the global effort by different governments has paid dividends and we have come out of the recession. Forbes annual list of billionaires this March had 208 more billionaires than last year which means we had 1,011 members in the billionaire’s club. We are inching back to the record figure of 1,125 achieved in 2008 before recession wiped off staggering sums from balance sheets.
If this momentum of growth can be sustained in the future in the next six months itself, we could see a record number of billionaires. Under the circumstances it should come as no surprise that many luxury firms are trying to cash in. This week saw yet another bunch of “most expensive” accolades being bandied about the press for goods and services that cater to the Ultra High Net Worth Individual.
First off the block was Whyte & Mackay who sold two of its three bottles of Dalmore 64 Trinitas Scotch Whisky for £100,000 ($160,000) each. They claim to hold the rarest and oldest stock of whiskey anywhere in the world, some of them maturing for over 140 years. Skeptics claim that it is nothing more than a marketing gimmick but the fact remains that they do find buyers.